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Car Title Loans or Equity Loans Pickering Ontario Have No Drawbacks

September 21, 2016

There are no drawbacks when applying for collateral car title loans even if you have bad credit.

Preparation is at a minimum

Aside from the lien free car title that you need to present as collateral so the lender can place a lien on it, the car must be presented for inspection and appraisal for its true market value to determine the loan amount. Up to $40,000 can be loaned.

The basics of collateral car title loans

You can straightaway present the fully owned car and its car title for inspection and appraisal, be able to show your valid driver’s license, and show proof of permanent residence. Paperwork and preparation is always minimal with collateral car title loans.

Low interest rates and reasonable payment terms

Interest rates for collateral vehicle title loans are the lowest when compared to other unsecured loans or short term loans. It is also the lowest in the whole lending industry. Payments can be as low as $97 per month. Loan payment terms are very flexible and the longest up to 4 years.

The other benefits

You can continue using the car even while paying off no credit check title loans. This is because the loan is already secured by the car title that is the collateral. Loans are approved in just one hour with no credit checks done. Bad credit or no credit will not affect the loan approval.

For more information about collateral car title loans in Pickering Ontario, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit score will not matter with us because what’s important is the car title loan you need. All you need is to call Instant Cash Canada now at 866-840-7395. Apply now and our dedicated team will immediately get to work and gather all the information necessary to get you the loan you need.